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- World Bank Approves $102 Million Loan for Pakistan
World Bank Approves $102 Million Loan for Pakistan
The World Bank has approved a loan of $102 million for Pakistan. According to the bank, the funds will be allocated for microcredit and microfinance initiatives, benefiting approximately 1.89 million individuals. Additionally, the World Bank stated that this financial support will provide loans to low-income and underprivileged households.
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The Pakistani rupee continued its upward trajectory against the US dollar, gaining 0.01% or Rs0.02, to close at Rs281.11, according to data from the State Bank of Pakistan (SBP). Over the past four months, the currency has appreciated by 9.25%, or almost Rs26, compared to its ...
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The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. ...
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